Guaranty Trust Holding Company Plc (GTCO) has announced plans to raise about $100 million through a fully marketed equity offering on the London Stock Exchange (LSE). This move is part …
International Relations
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IMF hails CBN’s reforms, warns Nigeria to adjust 2025 budget over oil revenue
The International Monetary Fund (IMF) has praised the Central Bank of Nigeria (CBN) for the bold reforms it introduced to stabilise the economy, but warned that Nigeria may exceed its …
- DevelopmentEnergyEnvironmentInfrastructureInternational RelationsPolitics
Ethiopia Completes Blue Nile Mega Dam Amid Regional Tensions
Ethiopian Prime Minister Abiy Ahmed has announced that the long-awaited Grand Ethiopian Renaissance Dam (GERD) on the Blue Nile River is now fully completed. He made this known on Thursday …
- AfricaGOVERNMENTInternational RelationsINVESTMENTPoliciesPoliticsTrade and Commerce
Trump Invites Five African Presidents to Washington, Snubs Nigeria
United States President Donald Trump is set to host the leaders of five African countries at the White House next week for high-level discussions on trade and investment, but Africa’s …
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Gun Violence, Civil Unrest Spark Global Travel Warnings to the U.S. from Allies
In a sharp reversal of roles, several countries that are traditional allies of the United States, including Australia, Canada, the United Kingdom, and New Zealand, have issued travel advisories warning …
- Eastern AfricaEconomyHealthcareInternational RelationsKenya
Kenya Faces Hunger and Health Crisis as U.S. Cuts Foreign Aid
Kenya is now among the African countries most affected by foreign aid cuts under the government of former United States President Donald Trump. A new study by the Center for …
- Banking, Finance & InvestmentEconomyFinance & ServicesInternational RelationsKenya
UK, US Top List of Countries Receiving Hard Cash from Kenya
The United Kingdom and the United States have emerged as the top destinations for physical cash flown out of Kenya, according to a new report released by the Central Bank …
- EconomyFinance & ServicesGOVERNMENTInternational RelationsOil & Gas
IMF Warns Nigeria’s 2025 Budget May Deepen Financial Crisis Without Urgent Reforms
The International Monetary Fund (IMF) has raised serious concerns over Nigeria’s economic outlook for 2025, warning that the country may face a deeper financial crisis if it does not urgently …
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Algerian Court Upholds Five-Year Sentence for Franco-Algerian Writer Boualem Sansal
An Algerian appeals court on Tuesday upheld a five-year prison sentence for prominent Franco-Algerian writer Boualem Sansal, sparking strong diplomatic responses from France, which renewed its call for clemency based …
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WFP Warns Food Aid for Sudanese Refugees May End in Four Countries
The United Nations World Food Programme (WFP) has issued a stark warning that food assistance for Sudanese refugees in four neighbouring countries could be completely suspended within the next two …